Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Act 2013 (82 of 2013)

Schedule 4   Sustaining the superannuation contribution concession: consequential amendments

Part 3   Amendment of the Superannuation Act 1976

6   Subsection 3(1) (definition of benefit )

Repeal the definition, substitute:

benefit means pension or other benefit payable under this Act, and:

(a) includes a release authority lump sum (within the meaning of Part IXC) paid in relation to a release authority issued to a person under Subdivision 135-A in Schedule 1 to the Taxation Administration Act 1953; but

(b) does not include a payment made out of the Fund that is required to be made under:

(i) a release authority given to CSC under section 292-410 of the Income Tax Assessment Act 1997; or

(ii) a transitional release authority given to the Board under section 292-80B of the Income Tax (Transitional Provisions) Act 1997; or

(iii) a release authority issued under item 1 or 2 of the table in subsection 135-10(1) in Schedule 1 to the Taxation Administration Act 1953.